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Re: EUR/USD
Posted: Fri Nov 03, 2017 1:37 am
by mlawson71
EUR/USD is testing 1.1670 again, which is the resistance of the sideways range. Frankly, I doubt there will be a breakout before the NFP, but then again, stranger things have happened.
Re: EUR/USD
Posted: Tue Nov 07, 2017 1:43 am
by FrancoisT
EUR/USD - I believe the picture here get more clearance after the end off the previous week. Price bounced from the H&S neckline and formed outside bar on daily chart. Slowly, the price will move down and most likely 1.1450 will be tested to the end of the week - perhaps
Basically ,this is my expectation for that pair
Re: EUR/USD
Posted: Tue Nov 07, 2017 1:50 am
by mlawson71
EUR/USD is testing the support at 1.1570. It may be forming a double bottom at that level and if that is the case we will likely see a new move to the upside.
Re: EUR/USD
Posted: Thu Nov 09, 2017 2:27 am
by mlawson71
EUR/USD did break out below the double bottom at 1.1570 but it was only briefly and now it is back above the support. Clearly the sideways consolidation continues.
Re: EUR/USD
Posted: Fri Nov 10, 2017 2:07 am
by mlawson71
I really should pay more attention to the weekly time-frame. EUR/USD has formed an inverted hammer on it at 1.1600, so we may see a rally after all.
Re: EUR/USD
Posted: Fri Nov 10, 2017 2:19 am
by Jimmy
mlawson71 wrote: Fri Nov 10, 2017 2:07 am
I really should pay more attention to the weekly time-frame. EUR/USD has formed an inverted hammer on it at 1.1600, so we may see a rally after all.
Where you long or short? I almost got stopped out about half an hour ago long EURUSD but managed to close two positions for a bit of green. EURUSD was a bit tricky tonight :cray:
Re: EUR/USD
Posted: Sat Nov 11, 2017 12:49 am
by mlawson71
I didn't have any open positions at the moment, I have the terrible habit of freezing from pure indecision when the pair I am trading starts ranging like that. It's very frustrating.
Re: EUR/USD
Posted: Tue Nov 14, 2017 2:42 am
by FrancoisT
EUR/USD - EUR is rising, but still the tendency is in on the side of the dollar. My assumption is that still there are some room that might help a bit to EUR (something up to 1.1725/40 - downtrend line on daily). Eventually breaks above may change the sentiment
EUR/USD Chart & Forecast
Posted: Tue Nov 14, 2017 2:39 pm
by Jimmy
FrancoisT wrote: Tue Nov 14, 2017 2:42 am
EUR/USD - EUR is rising, but still the tendency is in on the side of the dollar. My assumption is that still there are some room that might help a bit to EUR (something up to 1.1725/40 - downtrend line on daily). Eventually breaks above may change the sentiment
Thanks Franc!
And just to add to that, key areas of nearby support and resistance as per chart below:
- 1.5810 Weekly Support
- 1.19190 Monthly Resistance
Traders please take note of these areas especially the Weekly Support line as this has already been tested and confirmed.
Re: EUR/USD
Posted: Tue Nov 14, 2017 6:26 pm
by alozard
EUR/USD Daily